Ask AI: How to select high probability set ups in forex on the thirty minute time frame?

1. Look for price action at key levels: look for price action that has consistently returned to the same level as this indicates that the level holds strong and is therefore a great opportunity for entry. 2. Utilize support and resistance levels: look for price action that is bouncing off key support or resistance levels as this is often where price will reverse direction or continue momentum. 3. Utilize the Ichimoku cloud: the Ichimoku cloud is a great indicator to use in order to identify high-probability trading set ups in the forex market as it identifies areas of equilibrium where price could either move higher or lower. 4. Utilize trend following indicators: trend following indicators such as the MACD, RSI, and moving averages can help to identify trends that can be used to enter in the direction of the trend. 5. Consider risk-reward ratio: the risk-reward ratio is the ratio of money that can be gained through a trade relative to the amount of money that can potentially be lost. A high risk-reward ratio is desirable in order to maximize profits and minimize losses.